Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$295,076$295,076$337,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$42,424$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%4.585%7.640%
1st payment$1,427.35$1,427.35$2,336.78
2nd payment$0.00$318.18$0.00
Taxes / mo$828.67$828.67$828.67
Insurance / mo$150.00$150.00$150.00
MI / mo$236.77$236.77$67.50
HOA / mo$10.42$10.42$10.42
Total monthly$2,653.21$2,971.39$3,393.37
Cash to close$79,924$37,500$37,500